“Aviation Act” means the Federal Aviation Act of 1958, as amended. 

 “Bill of Sale” shall mean an FAA Bill of Sale whereby title to the Aircraft is in possession of the Lessor. 

 “Business Day” shall mean a day other than a Saturday, Sunday or legal holiday under the laws of the State of Florida. 

 “Cape Town Convention” shall mean the Convention and the Protocol. 

 “Code” shall mean the Internal Revenue Code of 1986, as it may be amended hereafter, or any comparable successor law. 

 “Commencement Date” shall mean the date of execution hereof by all parties. 

 “Convention” shall mean the Convention on International Interests in Mobile Equipment concluded in Cape Town, South Africa. 


“Default” shall mean any event or condition which with notice, lapse of time or both would constitute an Event of Default.


 “Engines” shall mean two (2) General Electric Model CF 34-3B jet aircraft engines, respectively bearing
Manufacturer’s Serial Nos. GE-E950299 and GE-E950296, each of which is rated at greater than seven hundred fifty (750) or more take off horsepower or its equivalent (and each of which is referred to herein as an “Engine”).


 “Event of Default” shall have the meaning specified in Section 17 hereof.